Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2025. Economic forecasts predict that the HICP inflation rate will range between 2.2 percent and 2 percent over the year. This sustained decrease follows a downward trend that began in 2024 when inflation settled at .2.4 percent.

Belgium NBB Forecast: HICP: YoY: Food Inflation data was reported at 2.000 % in 2026. This records a decrease from the previous number of 3.000 % for 2025. Belgium NBB Forecast: HICP: YoY: Food Inflation data is updated yearly, averaging 2.650 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 12.000 % in 2023 and a record low of 0.900 % in 2021. Belgium NBB Forecast: HICP: YoY: Food Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

Inflation Rate In the Euro Area increased to 2 percent in June from 1.90 percent in May of 2025. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The latest forecasts made available by the Bank of Spain on the impact of the coronavirus (SARS-Cov-2) on the harmonized index of consumer prices at the national level present a bleak outlook. The HICP, like the CPI, measures the changes that occur in the prices of goods and services in a given period, although using a different calculation method. It is used by the European Central Bank (ECB) to compare the evolution of prices in different countries.

Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data was reported at 1.600 % in 2026. This records a decrease from the previous number of 1.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data is updated yearly, averaging 1.550 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 6.200 % in 2023 and a record low of 1.300 % in 2021. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

According to projections by staff of the Eurosystem - the group of central banks of countries which use the Euro as their currency - the annual inflation rate of the Eurozone is set to decline sharply, halving from 5.4 percent in 2023 to 2.1 percent in 2025, with more gradual declines in 2026 and 2027. This decline in the rate of increase of the price level in the Eurozone is being driven by comparatively low inflation in energy prices, which stands in sharp contrast to the situation of the EU in 2022, when the price of energy skyrocketed due to the sanctions placed on Russia in the aftermath of the invasion of Ukraine. Food price inflation - which was a key driver of inflation in 2023, standing at over 10 percent - is also contributing to the drop in the inflation rate, as a sharp fall to 3.0 percent is forecast for 2025.

Core consumer prices In the Euro Area increased 2.30 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the inflation rate in the European Union and the Euro area from 2019 to 2022, with projections up until 2029. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In 2022, the inflation rate in the EU was about 9.32 percent compared to the previous year. The economic situation in the European Union and the euro area The ongoing Eurozone crisis, which initially emerged in 2009, has dramatically affected most countries in the European Union. The crisis primarily prevented many countries from refinancing their debt without help from a third party and slowed economic growth throughout the entire EU. As a result, general gross debt escalated annually in the euro area and more prominently in the EU. The collective sum of debt is most likely going to continue, given the current global economic situation as well as Europe’s recovering, however struggling economy. Struggles are primarily evident in the EU’s budget balance, which saw itself in the negative every year over the same timeframe as the eurozone crisis, although the balances improved on a yearly basis. Despite economical struggles, the EU still grew in population almost every year over the past decade, primarily due to a high standard of living and job opportunities, compared to many of its surrounding neighbors.

Belgium NBB Forecast: HICP: YoY: Energy Inflation data was reported at -2.500 % in 2026. This records a decrease from the previous number of -0.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Energy Inflation data is updated yearly, averaging 4.050 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 57.900 % in 2022 and a record low of -30.800 % in 2023. Belgium NBB Forecast: HICP: YoY: Energy Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

Ireland DoF Forecast: Core HICP: YoY data was reported at 2.600 % in 2023. This records an increase from the previous number of 2.400 % for 2022. Ireland DoF Forecast: Core HICP: YoY data is updated yearly, averaging 1.600 % from Dec 2016 (Median) to 2023, with 8 observations. The data reached an all-time high of 3.000 % in 2021 and a record low of 0.000 % in 2017. Ireland DoF Forecast: Core HICP: YoY data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Ireland – Table IE.I004: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: Department of Finance.

Ireland DoF Forecast: Harmonised Index of Consumer Prices (HICP): YoY data was reported at 2.600 % in 2023. This records an increase from the previous number of 2.400 % for 2022. Ireland DoF Forecast: Harmonised Index of Consumer Prices (HICP): YoY data is updated yearly, averaging 0.700 % from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 2.900 % in 2021 and a record low of -1.700 % in 2009. Ireland DoF Forecast: Harmonised Index of Consumer Prices (HICP): YoY data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Ireland – Table IE.I004: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: Department of Finance.

This statistic displays the annual change in the harmonized index of consumer prices (HICP) in Luxembourg from 2019 to 2021, with a forecast for 2022 to 2024. In 2024, the HICP is expected to grow by 3.1 percent.

In 2022, the harmonized inflation rate in the Netherlands increased by 8.8 percentage points. Of the three Benelux countries, the Netherlands saw the highest inflation. In 2020, the harmonized inflation rate was 0.4 percent in Belgium. Inflation in Luxembourg was zero.

 HCIP forecast  

In the next three years, the harmonized inflation rate in the Netherlands was forecast to be between 1.4 and 2.6 percent annually. According to the European Commission forecast, the inflation rate would peak in 2019, before slightly decreasing again the next years.

Inflation in the Caribbean  

In the Caribbean part of the Kingdom of the Netherlands, inflation was considerably lower than on the European mainland. Although the inflation rate in Curaçao was 2.6 percent in 2018, in 2015 and 2016 inflation had been -0.5 and 0 percent respectively. In Sint Maarten, the inflation rate reached 0.1 percent in 2016. Finally, Aruba had negative inflation for two consecutive years in a row before increasing to 3.6 percent in 2018.

ECB Projection: HICP: YoY: EA data was reported at 2.000 % in 2027. This records an increase from the previous number of 1.900 % for 2026. ECB Projection: HICP: YoY: EA data is updated yearly, averaging 2.100 % from Dec 1995 (Median) to 2027, with 33 observations. The data reached an all-time high of 8.400 % in 2022 and a record low of 0.200 % in 2016. ECB Projection: HICP: YoY: EA data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s European Union – Table EU.I037: European Central Bank: Consumer Price Index: Harmonized: Year on Year Growth: Projection.

Harmonised Consumer Prices in Germany increased to 131.90 points in June from 131.80 points in May of 2025. This dataset provides the latest reported value for - Germany Harmonised Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Belgium NBB Forecast: Harmonised Index of Consumer Prices (HICP): YoY data was reported at 1.200 % in 2026. This records a decrease from the previous number of 1.800 % for 2025. Belgium NBB Forecast: Harmonised Index of Consumer Prices (HICP): YoY data is updated yearly, averaging 2.050 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 10.300 % in 2022 and a record low of 0.400 % in 2020. Belgium NBB Forecast: Harmonised Index of Consumer Prices (HICP): YoY data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

Harmonised Consumer Prices in Norway increased to 139.30 points in June from 139 points in May of 2025. This dataset provides - Norway Harmonised Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malta CBM Forecast: Harmonised Index of Consumer Price (HICP): YoY data was reported at 2.100 % in 2020. This records an increase from the previous number of 1.900 % for 2019. Malta CBM Forecast: Harmonised Index of Consumer Price (HICP): YoY data is updated yearly, averaging 1.300 % from Dec 2012 (Median) to 2020, with 9 observations. The data reached an all-time high of 2.700 % in 2012 and a record low of 0.800 % in 2014. Malta CBM Forecast: Harmonised Index of Consumer Price (HICP): YoY data remains active status in CEIC and is reported by Central Bank of Malta. The data is categorized under Global Database’s Malta – Table MT.I004: Harmonised Index of Consumer Price: Year on Year Growth: Forecast: Central Bank of Malta.

Austria OeNB Forecast: HICP: YoY data was reported at 2.000 % in 2027. This records a decrease from the previous number of 2.200 % for 2026. Austria OeNB Forecast: HICP: YoY data is updated yearly, averaging 2.200 % from Dec 2017 (Median) to 2027, with 11 observations. The data reached an all-time high of 8.600 % in 2022 and a record low of 1.300 % in 2020. Austria OeNB Forecast: HICP: YoY data remains active status in CEIC and is reported by Oesterreichische Nationalbank. The data is categorized under Global Database’s Austria – Table AT.I004: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast.

France BOF Forecast: HICP: YoY data was reported at 1.700 % in 2021. This stayed constant from the previous number of 1.700 % for 2020. France BOF Forecast: HICP: YoY data is updated yearly, averaging 1.700 % from Dec 2017 (Median) to 2021, with 5 observations. The data reached an all-time high of 2.100 % in 2018 and a record low of 1.200 % in 2017. France BOF Forecast: HICP: YoY data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.I004: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: Bank of France.